This article is by staff writer William Cowie.
By some accounts, China’s stock market has been in free fall. In less than a month, the Shanghai Stock Exchange Composite Index (SSEC) — the Chinese equivalent of America’s S&P 500 stock index — saw a 30 percent drop in value.
Media reports have ranged from indifference to breathless comparisons with the great stock market crash of 1929, followed by dire predictions for you and yours. Most recently, Chinese stocks have recovered some lost ground. So why all the bother?